Salt Lake evening Democrat. [volume] (Salt Lake City, Utah) 1885-1887, 1887-02-21
BUSINESS AND MINING NOTES.
COmpnny-ShIpme of Ore-A
Big strike In Finite.

Storms in the mountain still rage more
or less. The miners are disposed to cry
to the snow fiend, "Hold, enough ~
Railway transportation north, east and
west has been seriously interrupted and
life in some cases lost by large accumu
lations OF snow.
The works at Anaconda, Montana, have
been closed for want Of coal, and the Inter-
Mountain OF the 10Th inst. says that the
Alice works are now closed for want OF
salt, the snow embargo preventing the
transportation of both coal and salt.
Referring to salt it will surprise most of
our readers to learn from the last annual
report OF the Alice company that the cost
OF salt alone to that corporation has been
$94, 900 for the year OF 1886. The report
received and acknowledged by the DEM
oCRAT, shows that reckoning silver at the
old rate of 1,29 per fine ounce of silver
the total outcome OF the mine OF the
company for the last year was 81 1862
Deducting from this the discount on
silver resulting from its falling price we
have net yield OF $3.50, 200, out OF which
SIS, 900 have been paid in dividends to
stockholders, over $4,000 paid principal
and interest on company's notes, and
about $4,000 for permanent additions to
to the plant. The grand total of men
and boys employed in the service
of the company is 375. The past
| year has been an unfortunate one on
account of the lessened price OF silver,
the company losing by comparison with
the discount on silver in 1885 over $780,
900. The lowest price TO which silver
has ever dropped-9l cents per ounce
last July-threatened to make it unprotit-
able for the mining and milling OF the
| Alice Company's ores.
Silver bar shipments from Butte for
| the week ending February 10Th, amount
ed to $l43,352. The ore and bullion re-
ceipts in this city for the same time
were about $l50,000. impossible roads
interfere seriously with shipments. Bing-
ham is shipping more ore to the smelters.
The Lucky Boy, Brooklyn and Tiewaukie
are reported as shipping quite extensively
last week. \ big strike in Tintic on the
BeCkBullion is also reported. Home
shares of stock are very quiet, but few
changing hands at present, The new
anti-Nlormon bill, now in the hands OF
| the President, when it becomes Il law,
will undoubtedly affect business favor
ably,
The Wood River Times OF the 18th
says: Yesterday the first payment OF
| ~, 800 was made to the owners of the
Trump group Of claims on the Gold Belt,
in behalf OF John Hobart, OF London
/ England, who agrees to pay the balance
OF the 100000 for which the group is sold
/ on the LIST OF May, 1887.
The sale was negotiated by Frank F.
Cavanah and George a. Black Major
! Cavanah (who is in London) attending
to the business at that end and George
A. Black at this. The negotiations have
been going on for about six months, and
the purchaser has never seen the claims,
nor has any one else examined them for
him. J. NJ. Burkett, manager OF McCor-
nick & Co.'S bank here, looked after the
preparation OF the papers, passed upon
the title and paid over the $500 on
! account.
Ex-Superntendent Cbilds, OF the
Solace group OF mines, at Vienna, who
left for San Francisco last December with
the intention OF returning Gin two weeks
or not at all, +" came in this week He
/ thinks Wood River the most promising
mining region in the world just now, and
has concluded to remain with us.